Mantra says 'oui' to French giant Accor's $1.2b bid

People & Companies / Latest News

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The Australian hotel sector will see a major shift in its landscape after the Mantra Group accepted an offer from French-based global giant operator Accor, valued at about $1.2 billion.

In less than a week, Mantra's management agreed to the Accor offer of $3.96 per share, including a potential special dividend, which will give the overseas group an exposure to Australia's capital cities and regional areas.

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